Media Mentions
2008
James Sanders was quoted in the May 30 issue of the Los Angeles Daily Journal in the article, "SEC Names Insiders as Directors." The article discusses the recent selection of two lawyers within the Securities Exchange Commission to head the agency's regional offices in California. "I think it's good for the agency to promote from within," commented Mr. Sanders, who formerly headed the SEC in Los Angeles. "I think it makes a difference morale-wise."
James L. Sanders, SEC Defense, Securities Litigation
2007
Gordon Greenberg, Terrence McMahon and James Sanders have been recongnized in the Who's Who Legal: California 2007 edition. Who’s Who Legal: California recognizes 725 leading private practitioners in 25 distinct practice areas. James Sanders and Gordon Greenberg have been recognized for their business crime practice, while Terrence McMahon has been recognized for his patent practice.
Gordon A. Greenberg, Terrence P. McMahon, James L. Sanders, Intellectual Property, Media & Technology, Trial
James Sanders was mentioned in a June 1 article published by The National Law Journal regarding a judge's reversal of a jury verdict for Gateway executives. Mr. Sanders represented the former controller of Gateway in a new trial after a jury had found him guilty in March. The case brought about by the Securities and Exchange Commission was overturned due to a failure to present substantial evidence to make their claim.
James L. Sanders, SEC Defense, Trial, White-Collar Criminal Defense
James L. Sanders was quoted in an April 26 article published by the Los Angeles Daily Journal regarding the Security and Exchange Commission's (SEC) investigation of Apple Inc. and accusations made by the former CFO Fred Anderson against current CEO Steve Jobs. Mr. Sanders explained that the accusations are very unlikely to lead to formal charges being filed against either the company or Jobs. "You have to assume that [SEC investigators] evaluated Anderson's information along with the Apple special committee's report and any other information they gathered and came to the conclusion as to who should be named in the lawsuit," he said.
James L. Sanders, Corporate Responsibility, Corporate Responsibility - White Collar, Trial, White-Collar Criminal Defense
James L. Sanders was quoted in the April 25 issue of The Los Angeles Times in an article regarding Apple Inc.'s internal independent investigation looking into allegations of options backdating, the sharing of its findings with the Securities and Exchange Commission (SEC) and the indictment of the company’s former CFO and an ex-executive. Mr. Sanders commented that since the SEC had not sued the company itself nor its current CEO Steve Jobs, Apple will likely not face indictment. "It makes it really difficult for me to imagine Apple facing criminal indictment," he said.
James L. Sanders, Corporate Responsibility, Corporate Responsibility - White Collar, Trial, White-Collar Criminal Defense
James L. Sanders was quoted in a January 4 article on BusinessWeek.com regarding Steve Jobs' role in Apple Computer's recent options backdating investigation. In regards to a general trend where special committee investigations show that accounting irregularities are swiftly rectified, he commented, "I just don't think the Apple report is going to do that."
James L. Sanders, Corporate, Corporate Responsibility, Trial
2006
James Sanders was quoted by the Los Angeles Times on December 13 calling the McNulty Memorandum a significant and welcome change. "Corporations will still realize there's a benefit [to cooperation] in certain circumstances," commented Mr. Sanders. "This is not going to eliminate cooperation."
James L. Sanders, Corporate Responsibility, Trial
James L. Sanders was quoted in an October 17 article on CFO.com regarding the clearing of former Enron chairman Kenneth Lay's criminal record as a result of his death prior to his appeal. In response to the court's claim that the DOJ's $43.5 million claim against Lay will be dismissed, Mr. Sanders commented, "The implication [of Lay's death] is that civil suits against him cannot claim that they are entitled to summary judgment."
James L. Sanders, Corporate Responsibility, Trial
James L. Sanders was quoted in the October 15 edition of The San Francisco Chronicle in an article discussing how individuals formerly employed at companies where backdating probes are taking place may find it difficult to find new jobs. Companies may be able to ease the burden by conducting their own internal investigations. "If companies want to get credit (with the SEC and Justice Department) for their cooperation by showing they found a problem and have done everything possible to eliminate it going forward, one thing they will want to say is that people associated with the problem are no longer here," he mentioned.
James L. Sanders, Corporate Responsibility, Securities, Securities Litigation, Trial
James Sanders was quoted in the October 11 issue of The Financial Times in an article about how some corporate executives are losing their jobs due to options backdating, while others are not. Mr. Sanders commented that the SEC will have to decide whether knowledge of backdating is enough to ban an executive from running a public company. "At this point there has been very little guidance from the SEC or the U.S. attorney's office about what constitutes a serious options violation," said Mr. Sanders.
James L. Sanders, Corporate Responsibility, Trial
James Sanders was quoted by the Christian Science Monitor on August 31 regarding the decrease of white-collar prosecutions in the United States. "There's been a shift of priorities since September 11 at the [FBI], in the sense that they've moved bodies from fraud and white-collar crime units to terrorism units," commented Mr. Sanders.
James L. Sanders, Corporate Responsibility, Corporate Responsibility - White Collar, Trial, White-Collar Criminal Defense
James Sanders was quoted on backdating stock options in the July 31 edition of The National Law Journal. "The SEC has looked into a lot of situations recently, and examined the role of lawyers in more detail than they might have done in the past," commented Mr. Sanders.
James L. Sanders, Corporate Responsibility, Trial
James Sanders was quoted by CFO.com on July 5 regarding the death of former Enron Chairman Kenneth Lay. "The implication [of Lay's death] is that civil suits against him cannot claim that they are entitled to summary judgment. His entire conviction was voided," commented Mr. Sanders.
James L. Sanders, Antitrust & Competition
2004
James Sanders was a panelist in a Los Angeles/San Francisco Daily Journal EXTRA article regarding Sarbanes-Oxley related matters on November 15, 2004. Panelists included a variety of lawyers who have developed full-fledged practices advising in this area to discuss Sarbanes-Oxley and its aftermath. Mr. Sanders specifically spoke on his experience in white-collar, criminal and SEC defense.
James L. Sanders, Corporate Responsibility, Trial
James Sanders was quoted in "O.C. Man is Indicted in Massive Fraud Case," published in the February 5 issue of the Los Angeles Times. James P. Lewis Jr. was recently indicted by the federal government on 14 counts of mail fraud and money laundering, accused of bilking more than $200 million from some 3000 people, many of whom lost their life savings. The article questioned why the state of California had not brought any charges against him when red flags started appearing a couple years ago. Mr. Sanders commented that after reviewing the 2001 letter from Georgia, which was originally sent to California Department of Corporations....it contained so many "red flags" that "any regulator would have to do something with this."
James L. Sanders, Trial, White-Collar Criminal Defense
2003
James Sanders was quoted in the Los Angeles Times on June 11 regarding Sam Waksal's sentencing. Mr. Sanders mentioned that the penalty Mr. Waksal received reflects the sentencing guidelines for corporate crimes that have been put in place since Enron and other corporate scandals. "This is a very heavy hit for an insider trading case," commented Mr. Sanders.
James L. Sanders, Corporate Responsibility, White-Collar Criminal Defense
James Sanders was quoted in the March 10 issue of the Los Angeles Business Journal in an article reporting on U.S. Attorney Debra Yang and the increased pressure she is receiving to bring charges against businesses that don't cooperate with federal investigations and to cut deals with the ones that do. Mr. Sanders commented on Ms. Yang's role on the Corporate Fraud Task Force, a 12-member group of U.S. attorneys and other Justice Department personnel. "Yang's role on the task force may explain why cooperation is a major theme in her speeches to business groups," he said.
